About PGCM (DSFM) Programme
Data has emerged as a new functional requirement in modern-age decision making. All organizations treat data as an input to arrive at any decision-making pertaining to their products and services. The Post Graduate Certificate in Management (Data Science in Financial Markets), offered by the National Institute of Securities Markets, is a premier programme which provides the blended knowledge of modern finance and its various application in collaboration with data processing techniques and tools to make, alter, various financial products, to make them more suitable for each class of investors. It offers a unique opportunity to learn and make use of the available financial data to make informed business decisions, keeping in mind the profitability and customer satisfaction. PGCM (DSFM) is a 14-month regular weekend programme, hosted at NISM’s facility in Bandra Kurla Complex, Mumbai, and is approved by the All India Council of Technical Education.
For Whom?
PGCM (DSFM) is ideal for Individuals with a passion for financial markets and keenness to acquire in-depth understanding of data mining techniques and financial analytics, to offer and innovate new-age financial products. The programme is suitable for both working professionals and fresh graduates.
Graduates from various disciplines, such as Commerce & Accounting, Management, Economics, Law, Mathematics, Statistics, Engineering, etc. will develop their analytical capabilities for financial markets.
What do I learn?
PGCM (DSFM) will enable professionals to undertake data mining with powerful tools to find trends and answer questions for businesses, researchers, non-profit organizations, academic institutions, and governments. The key takeaways from the programme are as follows:
- The programme will equip professionals with necessary financial knowledge and data mining skills to mould and design better and cost-efficient financial products, creation of efficient risk management system and systematic analysis of available financial information to make informed management decisions.
- The programme will provide a platform to its participants to learn the intricacies of Finance and modern age Data Science tools to develop the ability to support their decisions through analytic reasoning using variety of statistical and mathematical techniques.
- The curriculum covers topics such as Financial Products and Institutions, Programming language for Financial applications, Data Mining, Machine Learning, Algorithmic Trading, Big Data Processing and Visualization and combines academic elegance and business relevance to facilitate the participants to learn modalities of various financial products, followed by analytical techniques and weaves them with applications for data-based decision making.
- Dissemination of knowledge of various financial products to create level playing field between finance and non-finance professionals.
- An integral part of the learning experience is the use of Data Science and Analytics tools wherein the participants get hands-on exposure to R, Tableau, and Python.
- Lectures and hands-on sessions will be conducted by eminent faculty, industry leaders and experts.
Where does PGCM (DSFM) lead to?
PGCM (DSFM) could lead to the following job profiles, which involves the fusion of data science techniques and financial analytics:
- Credit Research and Ratings
- Investment Evaluation and Portfolio Management
- Risk Modelling
- Claim Processing
- Fraud Detection
- Analysing Financial Statements
- Equity Research
NISM provides placement assistance to participants who successfully complete the programme and help them in finding suitable data analyst profiles in financial market intermediaries.
Programme Architecture
PGCM (DSFM) comprises of five trimesters having 16 courses and project / internship carrying a total of 45 credits. The curriculum is designed to provide research-based inputs and industry insights through a team of academicians and market experts. The detailed curriculum is as follows:
| Subject Code | Trimester I | Hours | Credits |
|---|---|---|---|
| 101 | Mathematics | 30 | 3 |
| 102 | Statistics | 30 | 3 |
| 103 | Computer Programming | 30 | 3 |
| Subject Code | Trimester II | Hours | Credits |
| 201 | Financial Economics | 15 | 1.5 |
| 202 | Financial Institutions & Products | 15 | 1.5 |
| 203 | Advanced Computer Programming | 30 | 3 |
| 204 | Econometric and Time Series Analysis | 30 | 3 |
| Subject Code | Trimester III | Hours | Credits |
| 301 | Fixed Income | 15 | 1.5 |
| 302 | Financial Derivatives | 15 | 1.5 |
| 303 | Market Microstructure and Algorithmic Trading | 30 | 3 |
| 304 | Machine Learning and Deep Learning Models | 30 | 3 |
| Subject Code | Trimester IV | Hours | Credits |
| 401 | Applications of Data Science in Securities Markets, Insurance Markets and Banking (Credit Risk) | 15 | 1.5 |
| 402 | Financial Data and Management | 15 | 1.5 |
| 403 | Security Analysis and Portfolio Management | 30 | 3 |
| 404 | Big Data Processing and Visualization | 30 | 3 |
| Subject Code | Trimester V | Hours | Credits |
| 501 | Financial Analytics | 30 | 3 |
| 502 | Project/Internship | 6 | |
| Total Programme Credits | 45 | ||
The performance of participants is assessed on continuous evaluation process in each trimester. Evaluation is through quizzes, surprise tests, mid-term tests, end-term examinations, class participation, presentations, submissions, projects, etc., as may be indicated by the faculty members in the course outline. At the end of the programme, participants shall be awarded with Grades, subject-wise as well as the CGPA. The PGCM (DSFM) Certification will be awarded to successful candidates at a convocation ceremony.
Schedule
The programme will take place in class-room mode on weekends at NISM’s facility in the Bandra Kurla Complex, Mumbai. The class timings would be as follows:
| Day | Timings | Teaching Hours | Break Time |
| Saturday | 6 pm to 9:15 pm | 3 hours | 15 Minutes |
| Sunday | 10 am to 5 pm | 6 hours |
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Note:
The classes will initially be in online format (webinar-mode), till the COVID-19 pandemic situation improves. Hostel facility is available, at NISM Campus in Patalganga, for the benefit of participants from outside Mumbai.
Programme Fees
The consolidated programme fee for PGCM (DSFM) is Rs.2,02,000/- (Rupees Two lakh and Two Thousand only). The break-up of the fees is as follows:
| Particulars | First Instalment (in Rs.) | Second Instalment (in Rs.) | Third Instalment (in Rs.) | Total(in Rs.) |
|---|---|---|---|---|
| Tuition fee | 50,000 | 65,000 | 65,000 | 1,80,000 |
| Exam fee | 5,000 | 5,000 | 10,000 | |
| Library Deposit* | 10,000 | – | 10,000 | |
| Alumni fund | 2,000 | – | 2,000 | |
| Total | 50,000 | 82,000 | 70,000 | 2,02,000 |
| Due Date | Within 7 calendar days from the issue of Offer Letter | 15th September 2021 | 30th November 2021 |
* Refundable
Hostel Facility
Once the classes start in physical mode, hostel facility will be made available for the benefit of participants from outside Mumbai, at NISM’s campus in Patalganga, at Rs. 13,350/- (Rupees Thirteen Thousand and Three Hundred and Fifty only) per month. The break-up for the hostel fees is as follows:
| Particulars | Amount (in Rs.) |
|---|---|
| Hostel Charges | 6,000 |
| Food Charges | 7,000 |
| GST on Food | 350 |
| Total charges per month | 13,350 |
In addition, participants (availing hostel facility) shall pay a refundable hostel deposit of Rs. 10,000/-
Fee Refund Policy
If an applicant requests to withdraw his/her admission, the Institute will refund the collected fees after deducting Rs. 1000/- towards processing fees and return the applicant’s certificates, if such withdrawal is made before the commencement of the programme, for whatever reasons, as per the procedures prescribed in various government guidelines. The last date for withdrawal of admissions for the purpose of refund of fees is 5th July 2021.
If an applicant chooses to withdraw, the Institute will follow a three-tier system for a refund of fees, as follows:
| Sr. No | Percentage of Refund of Aggregate Fees | Point of time when notice of withdrawal of admission is served to the Institute |
|---|---|---|
| 1 | 100% less Rs.1,000/- | Before the commencement of the programme. |
| 2 | 100% less Rs. 10,000/- of full fee including refundable deposits | After commencement of the programme and the vacant seat is filled by another applicant from wait-list. |
| 3 | 0% except for refundable deposits | After commencement of the programme and the seat remained vacant. |
Admissions 2021
NISM is pleased to invite applications for admissions to Post Graduate Certificate in Management (Data Science in Financial Markets) 2021-22.
Eligibility
Graduates from any discipline with a minimum of 50% marks from a recognized University under 10+2+3 stream are eligible. Provisional admission will be granted to those in the final year of graduation and subject to confirmation of the aforesaid criterion.
Selection Criteria
Candidates will be selected based on their profile and their performance in the personal interview (online).
How to apply?
Candidates willing to apply should first register themselves on slims.nism.ac.in
Step 1: New Registration: Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
Step 2: Application process: Thereafter, candidates are required to log-in and complete the application process by paying application fee. After making the payment of application fee of Rs. 500/- the candidates may submit their application.
Important Dates for PGCM(DSFM) 2021-22
| Last Date of Submitting Application | July 25, 2021 |
| Date of Commencement | August 02, 2021 (Tentative) |
| 1st Installment | Within 7 calendar days from the issue of Offer Letter |
| 2nd Installment | September 15, 2021 |
| 3rd Installment | November 30, 2021 |
Frequently Asked Questions
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Suneel Saraswat
Adjunct Faculty, NISM
Suneel Saraswat
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Name: Suneel Saraswat Designation: Adjunct Faculty, NISM Suneel Sarswat is an adjunct faculty at NISM. His current research area is applications of theoretical computer science in finance and regulations. He teaches advanced programming, machine learning, deep learning, computational finance, etc. He has 13+ years of teaching experience at NISM, NMIMS, NITIE, and Meghnad Desai Academy of economics. Before joining academics he has worked for Bank of America as a research analyst. He has conducted various workshops for working professionals in the area of compuatational finance and machine learning. He has trained officers from RBI, SEBI, Exchanges, Banks, and other financial institutions. He has presented his work in international conferences in theoretical computer science. Besides adjunct faculty at NISM, he is also a part-time consultant at Decimal Point Analytics and a visiting faculty at Meghnad Desai Academy. He has completed his master's degree in applied statistics from the Indian Institute of Technology, Mumbai in 2005. He also holds a master's degree from Tata Institute of Fundamental Research (TIFR), Mumbai in theoretical computer science. Currently, he is completing his Ph.D. from TIFR in the area of applications of logic.
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Dr. Rachana Baid
Professor, HOD (School for Securities Education), NISM
Dr. Rachana Baid
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Name: Dr. Rachana Baid Designation: Professor, HOD (School for Securities Education), NISM Email: rachana.baid@nism.ac.in Dr. Rachana Baid, is an M.Com (gold medalist) and Ph.D. from Osmania University, Hyderabad. She is a faculty (SSE) at NISM, since inception. Prior to NISM, she has worked in UTI’s Indian Institute of Capital Markets (IICM). She has conducted a number of training programmes and research/consulting assignments for market participants, civil servants and international delegations, including for the ASEAN countries. Her areas of interest are Financial Institutions & Markets, Portfolio Management, Corporate Finance and Behavioural Finance. She is also a visiting faculty at XLRI Jamshedpur and SP Jain School of Global Management Mumbai, Dubai and Singapore centres.
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Dr. Pradiptarathi Panda
Assistant Professor (School for Securities Information and Research (SSIR))
Dr. Pradiptarathi Panda
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Name: Dr. Pradiptarathi Panda Designation: Assistant Professor (School for Securities Information and Research (SSIR)) Email: pradiptarathi.panda@nism.ac.in Contact: 91-2192668419 Dr. Pradiptarathi Panda
Dr. Pradiptarathi Panda is working as an Assistant Professor at the National Institute of Securities Markets (NISM). Prior to the current position, he has worked as a Lecturer and Research Associate of NISM. Dr. Panda was a Research Scholar of the Indian Institute of Capital Markets (IICM) and is having more than seven years of teaching and research experience. He holds a Master's in Finance & Control (MFC) from Berhampur University, an M.Phil. in Finance from Pondicherry Central University and Ph.D. in Finance from the University of Mumbai. His area of Ph.D. is on International Capital Markets Spillovers. He has qualified UGC NET for Assistant Professor in management. His areas of research interest's Include-International Capital Markets, Interest Rate Futures, Innovative financial instruments, and Financial Economics. His teaching interests are Financial Institutions and Markets(FIM) Applied Financial Econometrics, Financial Computing using R, Financial Derivatives, Global Financial Markets, Investment Management, and Trading in equity and derivatives (equity, commodity, and currency). Dr. Panda conducts trading laboratory sessions in the SMART Lab for MBA students and trainees from IAS, SEBI, RBI, IRS, IES, ICLS, Defence Officers, along with others. He has also trained officers from the Securities Exchange Commissions and Central Bankers from Cambodia, Laos, Myanmar, Vietnam, and Bangladesh and guided many foreign as well as Indian Interns. He is also handling databases like Bloomberg and Prowess at NISM. He is the faculty Co-coordinator of the NISM Alumni Association and Conference Co-coordinator of Capital Markets Conference. He has published several research papers in indexed journals like Springer, Wiley, EBSCO, Econopapers, Jgate, Inderscience, Scopus, Ideas RePEc, IGI Global, and others. He has worked in the areas of volatility spillovers, equity markets, foreign exchange markets, derivatives markets, interest rate futures, green bonds, market microstructure, circuit breakers, Ownership structures, and so on. He has presented research papers in several international and national conferences; has participated in some workshops and organised several Faculty Development Programmes (FDPs), Capital Market Conferences and Workshops. He is currently a member of the editorial board for several journals and a reviewer for several journals as well as World Finance Conferences. Linkedin - https://www.linkedin.com/in/dr-pradiptarathi-panda-903b9154 ORCID - https://orcid.org/0000-0003-1262-8148 Research Gate - https://www.researchgate.net/profile/Pradiptarathi_Panda4 Google Scholar - https://scholar.google.co.in/citations?user=onbJk0YAAAAJ&hl=en SSRN - https://hq.ssrn.com/submissions/MyPapers.cfm?partid=1712840
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Mr. M. Krishnamoorthy
Member of Faculty(AGM,SEBI)
Mr. M. Krishnamoorthy
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Name: Mr. M. Krishnamoorthy Designation: Member of Faculty(AGM,SEBI) Email: krishnamoorthy.m@nism.ac.in Contact: 91-2266735107 / 91-2192668377 Shri M Krishnamoorthy, Member of Faculty, SSE
Shri M Krishnamoorthy, an Officer of Securities and Exchange Board of India (SEBI) joined NISM as a Member of Faculty in September 2017. He is currently the Programme Director for the following School for Corporate Governance (SCG) and School for Regulatory Studies & Supervision (SRSS) of NISM. These Schools are playing a pioneer role in professionalization of Corporate Governance and Capacity Building of securities market participants through Workshops, Conferences and Publication of Research Papers. Apart from the above, Shri Krishnamoorthy is the Programme Director for the part-time Course offered by NISM –Post Graduate Certificate in Management (Data Science in Financial Markets) – PGCM (DSFM). He is currently teaching Macroeconomics, Securities Markets Regulations, Business Ethics & Corporate Governance at NISM. Apart from the above, he has been taking Sessions in the various training programmes being conducted by NISM for Regulators, Government officials, Market Intermediaries and Listed Companies, from India and outside. His area of academic interests include Corporate Governance, Behavioural Finance and Macroeconomics. Shri Krishnamoorthy has been working with SEBI for the last 17 years in different Departments of SEBI, including the Integrated Surveillance Department, Corporate Finance Department, Market Intermediaries Regulation & Supervision Department, Officer of Chairman and Bangalore Office of SEBI. Prior to joining SEBI, Shri Krishnamoorthy was working with Ministry of Law, Justice & Company Affairs, Government of India, for nearly six years. Shri Krishnamoorthy has participated in various domestic and international Conferences including the APRC Mobile Seminary Training Program organized by IOSCO in Hong Kong. Shri Moorthy is Bachelor of Physics from Madurai Kamaraj University, Masters in Economics from Annamalai University and Masters in Financial Services Management from Mumbai University.
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Mr. Ritesh Kumar Nandwani
Member of Faculty(AGM,SEBI)
Mr. Ritesh Kumar Nandwani
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Name: Mr. Ritesh Kumar Nandwani Designation: Member of Faculty(AGM,SEBI) Email: ritesh.nandwani@nism.ac.in Contact: 91-2266735128 / 91-2192668411 Ritesh Nandwani, Faculty Member, (SSE)
Before joining NISM, he has worked with Securities and Exchange Board of India (SEBI) for over eight years. He has worked in the Investment Management Department and the Corporation Finance Department of SEBI. His areas of expertise include Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), Alternative Investment Funds (AIFs), Public Issues and Capital raising, Initial Listing and Continuous compliances, and Forensic accounting & Fraud detection. Ritesh has participated in various national and international conferences and seminars organised by various institutions and has also been a speaker in many such conferences and seminars. He has also represented SEBI in various meetings and roundtable discussions at multilateral forums such as IOSCO, G20 GFSG, etc. His teaching interest lies in varied subjects and areas related to Capital Markets, including Corporate Valuation, Equities, Fixed Income Securities, Alternative Investment Funds, Derivatives and Risk Management, and Portfolio Management. He teaches in various academic programmes and courses conducted by NISM. Ritesh holds a Post Graduate Diploma in Management from IIM Lucknow and an M.Sc. in Wealth Management from the Singapore Management University. He is also an Associate member of the Institute of Chartered Accountants of India, and has also completed all three levels of the CFA program of the CFA Institute.
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Mr. Mohd. Meraj Inamdar
Lecturer (School for Corporate Governance (SCG))
Mr. Mohd. Meraj Inamdar
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Name: Mr. Mohd. Meraj Inamdar Designation: Lecturer (School for Corporate Governance (SCG)) Email: Meraj.inamdar@nism.ac.in Contact: 91-2266734613 / 91-2192668420 Mr. Meraj Inamdar
Mr. Meraj Inamdar has a Master’s degree in Commerce from Marathwada University, Aurangabad, and UGC SET qualified. He is pursuing his PhD in the field of Corporate Governance and Sustainable Finance with the University of Mumbai. Mr. Inamdar is Lecturer at NISM. Mr. Inamdar has three years of corporate experience and six years of teaching and research experience. He has started his career as finance manager at Nissan Motors India Pvt Ltd. He was a member of faculty at Institute of Cost accountant (ICAI), Aurangabad Chapter 2010-13. He was Associate editor of CSR Analyst, monthly magazine of UTI-IICM, Navi Mumbai. Before Joining NISM, Mr. Inamdar was Senior Project Associate at CSE, IIT-Bombay on various research projects related to open source learning and teaching pedagogy through Information Technology. He has several publications and conference papers to his credit and has won the Outstanding Research Paper award at Mumbai University’s International Conference in February 2016. He has also reviewed research papers for “IIM-Bangalore Management Review” journal. He has research interest in Sustainable finance & ESG, Corporate Governance and SME Exchange. At NISM, Mr. Inamdar teaches Statistics, using databases such as Bloomberg, Morningstar and CMIE Prowess through R and MS Excel. He plays a vital role in the NISM SMART Lab Trading sessions on Equity & Derivatives. At NISM he has successfully conducted various workshops on Equity & Derivative trading at SMART Lab for international delegates of Bangladesh, Nepal, Cambodia, Laos, Myanmar, Vietnam & Afghanistan, Practitioners in capital markets, Government officers IAS, IES, IRS, ICLS, RBI, FDPs for faculties and for post graduate students.
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Visiting Faculty
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Mr. Dennis David
Faculty
Mr. Dennis David
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Name: Mr. Dennis David Designation: Faculty Dennis David is a technologist with an acute interest towards building scalable , low latency and high
throughput data driven applications for over a decade . End Point Security across distributed systems
with a streamlined data pipeline built to handle scale is something that interests him. Building solutions
where every byte mattered, to solutions that analyzed Terra bytes of data &
identified anomolies in real time is his expertise .Apart from being a regular FOSS contributor , Dennis leads a global team of data scientists in building
an AML monitoring goFintech platform to detect , block and alert funding across global terrorist organizations.
Dennis is a continous learner with a keen interest to share knowledge on topics related to data , security and systems architecture.Dennis is an engineer by profession and an innovator / entrepreneur by passion .
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Mr. Vijay Kanchan
Faculty
Mr. Vijay Kanchan
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Name: Mr. Vijay Kanchan Designation: Faculty Email: vskanchan@gmail.com Vijay Kanchan is a Capital Market professional with more than 25 years of experience across different verticals.
He was head of Institutional Derivatives at J.M. Finance Equities Limited, Dolat Capital Markets Limited and Prabhudas Lilladher Private Limited. He is a visiting faculty at some of the leading management institutes for core finance subjects.
He is a NISM empaneled trainer in Equity Derivatives, Currency Derivatives and Investment Advisor and has trained more than 3000 market participants in the past few years. He holds a Management Degree in Finance from JBIMS.
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Mr. Nagendra Kumar
Chief Business Officer,NSE Ltd.
Mr. Nagendra Kumar
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Name: Mr. Nagendra Kumar Designation: Chief Business Officer,NSE Ltd. In his current role, he is responsible for commodities business development at NSE , building business at NSE IFSC and one of the key architects of the NSE IFSC – SGX connect model. As part of his commodity business development role, he is responsible for the entire business expansion and has also implemented NSE Refiner Standard by which local refiners will be empanelled to deliver their bars in the exchange platform.
He has over 25 years of experience in the Stock Exchange and Clearing Corporation space.
He has been with NSE since 1995 and has experience in almost all the functions of the exchange ranging from operations, membership & listing activities, setting up of clearing house, handling physical delivery of settlements, product development etc.
In his earlier assignments with the Exchange, he was heading the business development function of all asset classes and was instrumental for bringing in global HFT / Algo firms to India. He was also associated with NSCCL responsible for the clearing and settlement of all asset classes traded and reported at the exchange, conceptualization and implementation of various clearing and settlement solutions.
Nagendra has also been associated with some of the leading technology companies and was involved in implementing clearing, settlement & depository solutions across the Globe.
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Dr. Jinesh Panchali
Faculty
Dr. Jinesh Panchali
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Name: Dr. Jinesh Panchali Designation: Faculty Dr. Jinesh brings more than 30 years of experience in academics and consulting domain. He currently operates a proprietary firm, Arham Advisors. It offers services in area of governance, M&A, valuation, and markets.
Jinesh is an MBA with specialisation in Finance, Ph.D. in Management from Faculty of Management Studies (1994), The M.S. University of Baroda, and a Cost and Management Accountant (CMA) from Institute of Cost Accountants of India.
He started his career with Department of Management, at South Gujarat University as a lecturer. He has taught He has served Indian Institute of Capital Markets, (IICM) (now merged with National Institute of Securities Markets (NISM)), from 1995 for more than a decade including serving as Dean (Academic). He has also served as Senior Vice President at Financial Technologies Group, and its Knowledge Management subsidiary.
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Helpdesk: +91-08268002412
Email:pgcm@nism.ac.in